Former NFL Player Kordell Stewart Hit With Tax Lien

Although it seemed as though Porsha Williams would never recover from her difficult divorce from former NFL player Kordell Stewart, she found a way to do so. Now, it looks like she’s actually getting the last laugh. Williams’ former husband Kordell Stewart was recently hit with a serious tax lien.

According to reports, Stewart was hit with a tax lien totaling more than thirteen thousand dollars. The state of Georgia is trying to retrieve money from the former quarterback since he failed to pay taxes in 2012. Although Stewart only owes the government $8, 532, he was hit with a fine nearly twice that amount. Why? Well, penalties and interest adds up very quickly. So instead of paying $8,532, Kordell Stewart owes Uncle Sam $13, 240.88.

If Kordell doesn’t fork over the cash he owes in a timely manner, he could lose everything. The government has put a levy on all of Stewart’s assets which means if he fails to pay what he owes, the government came seize all of his possessions and sell them to get the money they’re owed.

Kordell Stewart better walk straight and fly right or he could be just as homeless as he left his ex-wife when he locked her out of their mansion.

7 thoughts on “Former NFL Player Kordell Stewart Hit With Tax Lien”

The writer should consult with a tax attorney when writing these articles to avoid misleading statements.

A levy and a lien are NOT the same thing. A lien merely preserves the government’s interest, and attaches to all property owned at the time a lien arises, as well as any property acquired after the lien. If the property is sold, the IRS (or the state, if the lien is a state one) can demand that proceeds be paid to them in full or partial satisfaction of the debt. However, until such time as property is sold (or the collection statute passes), the lien sits quietly idle.

A levy, on the other hand, is much more aggressive and comes in two flavors – wage and bank. A wage levy is ongoing – the IRS/state continues to take a portion of wages until the debt is paid. A bank levy, on the other hand is a one-and-done. The IRS/state gets what’s in the account that day, and nothing more. If $25,000 hits the account the day after the levy, it’s the taxpayer’s, not the IRS/state’s.

Stewart’s merely been hit with a lien. No action is likely to be taken from some time. If the IRS should decide to be more aggressive, they will have to first issue a Notice of Intent to Levy, then wait 30 days before effecting the levy. Thing is, while liens are public knowledge, levies are not, so you’ll never know if they actually serve and enforce a levy.

There is one more enforcement mechanism – seizure. However, this is an extreme measure requiring several levels of approval. As a result, it is rarely used.

In short, it’s highly unlikely the government will “seize all his possessions..”

What an overdramatic b.s. story..Kordell is worth 16 million dollars and 13,000 is not a lot of money; especially for someone worth 16 million and he will probably get the fees waived and settled like everyone else. This article was written by a man and they seem to be more emasculated everyday…Drama Queens watch out..The drama kings are after your spot. Good Grief!.